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TMI BlogRemoval, resignation of auditor and giving of special notice.X X X X Extracts X X X X X X X X Extracts X X X X ..... the Central Government in that behalf in the prescribed manner: Provided that before taking any action under this sub-section, the auditor concerned shall be given a reasonable opportunity of being heard. (2) The auditor who has resigned from the company shall file within a period of thirty days from the date of resignation, a statement in the prescribed form with the company and the Registrar, an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sub-section (2) of section 139. (ii) On receipt of notice of such a resolution, the company shall forthwith send a copy thereof to the retiring auditor. (iii) Where notice is given of such a resolution and the retiring auditor makes with respect thereto representation in writing to the company (not exceeding a reasonable length) and requests its notification to members of the company, the company ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tribunal is satisfied on an application either of the company or of any other aggrieved person that the rights conferred by this sub-section are being abused by the auditor, then, the copy of the representation may not be sent and the representation need not be read out at the meeting. (5) Without prejudice to any action under the provisions of this Act or any other law for the time being in force ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... order has been passed by the Tribunal under this section shall not be eligible to be appointed as an auditor of any company for a period of five years from the date of passing of the order and the auditor shall also be liable for action under section 447. Explanation. For the purposes of this Chapter the word auditor includes a firm of auditors. - - statute, statutory provisions legislation, la ..... X X X X Extracts X X X X X X X X Extracts X X X X
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